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Markets Rebound as Hopes Rise for End to Iran Conflict

North American stock indexes staged a sharp turnaround Monday after President Trump suggested the war with Iran could be nearing its end, easing investor fears and lifting major benchmarks into positive territory.  Markets Snap Back Into the Green U.S. markets recovered from steep early losses, with the Nasdaq Composite climbing over 1.5% , leading the rebound. The Dow Jones Industrial Average jumped 0.7% , reversing a drop of more than 800 points earlier in the session. The S&P 500 gained 0.9% , also turning positive by afternoon trading.  Oil Prices Ease After Surging Crude oil, which had earlier spiked above $100 per barrel amid conflict-driven supply fears, pulled back following Trump’s remarks that the U.S. was “very far” ahead of its 4–5 week timeline for ending the war. Canadian Markets Follow the Uptrend Canada’s TSX Composite Index rose 0.32% , supported by gains in major energy names such as Suncor and Canadian Natural Resources.  What’s Driving ...
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Wall Street Slips to Start 2024 and Gives Back Some of Last Year’s Big Gains

 


The stock market started the year on a negative note, with Wall Street slipping and giving back some of last year’s big gains.

Futures for the S&P 500 lost 0.8% before the bell on the first trading day of 2024, while futures for the Dow Jones Industrial Average slid 0.7%. The S&P 500 slipped 13.52 points, or 0.3%, to 4,769.83. The benchmark index still posted a rare ninth consecutive week of gains and is just 0.6% shy of an all-time high set in January of 2022.

The Dow Jones Industrial Average fell 20.56 points, or 0.1%, to 37,689.54 after setting a record Thursday. The Nasdaq slipped 83.78 points, or 0.6%, to 15,011.35, but that was barely a blemish on an annual gain of more than 43%, its best performance since 2020.


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